Located in the world-class mining hub of Western Australia’s Eastern Goldfields, Asra Mineral’s Mt Stirling Project consists of 10 major gold prospects, two recent rare earths discoveries, and widespread highly anomalous Cobalt and Scandium mineralisation.
The project is close to existing major mining operations and neighbours Red 5’s King of the Hills gold mine which boasts Australia’s ninth largest gold ore reserve of 2.4Moz and a 16-year mine life. The region has recently produced approximately 14Moz of gold from mines such as Tower Hills, Sons of Gwalia, Thunderbox, Harbour Lights and Gwalia.
The Company also currently holds a large equity holding in Quebec Lithium explorer, Loyal Lithium (ASX: LLI) and a large equity Joint Ventures with Zuleika Gold (ASX: ZAG) and Monger Gold (now LLI) in the Kalgoorlie-Menzie Goldfields region.
In the beginning of September 2022, Asra reported a 23% upgrade to the Mineral Resource Estimate for its flagship Mt Stirling Project in Western Australia. Taking the resource from 118,384oz Au to 152,000 oz Au.
Note: LLI equity in escrow to 6 July 2023.